Airline business Study guides, Class notes & Summaries
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Revenue Management Final Exam | Latest 2023 with complete solution
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Revenue Management Final Exam | Latest 2023 with complete solution 
 
What is the industry term used to describe the sum of prices paid by a business's customers? - Total Revenues 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Costs 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Profit = Sales - Costs 
What is the name for the net value achieved by both parties in a business transaction? - Profit 
What eleme...
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WGU D426 Objective Assessment (Latest 2023/ 2023 Update) Data Management Foundations | Questions and Verified Answers|100% Correct| Grade A
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WGU D426 Objective Assessment (Latest 2023/ 2023 Update) Data Management Foundations | Questions and Verified Answers|100% Correct| Grade A 
 
Q: The storage manager translates 
 
Answer: 
 the query processor instructions into low-lev- el file-system commands that modify or retrieve data 
 
 
Q: Database sizes range from 
 
Answer: 
 from megabytes to many terabytes, 
 
 
Q: the storage manager uses what to quickly locate data 
 
Answer: 
 indexes 
 
 
Q: Metadata is 
 
Answer: 
 data about the...
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WPC 480 Midterm Exam Questions with Correct Answers
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WPC 480 Midterm Exam Questions with Correct Answers 
 
All of the following were traditional sources of competitive advantage EXCEPT: 
a. labor costs. 
b. access to financial resources. 
c. protected markets. 
d. a highly educated labor market. - Answer-d 
 
Customer loyalty programs such as airline frequent flyer miles are an attempt to: 
 a. decrease competitors' access to distribution channels. 
 b. develop a cost advantage independent of scale. 
 c. increase customers' switching costs. 
 ...
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FBLA INTRO TO BUSINESS PROCEDURES test with complete verfied solutions 2024 latest update.
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A sales clerk entering details of a customers order is an example of... 
Processing information 
 
 
 
In some companies some office workers 
Perform a wide variety of tasks, focus on a few specialized tasks, and perform only administrative support tasks 
 
 
 
 
Brainpower 
Read More 
0:00 
/ 
0:00 
Maintaining calendars is an example of 
Managing information 
 
 
 
Proficiency with a spreadsheet program is needed by workers who perform 
Data processing activities 
 
 
 
The US government publi...
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Revenue Management Final Exam | Updated Question & Answers Graded A + 2023/2024
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Revenue Management Final Exam | Updated Question & Answers Graded A + 2023/2024 
 
What is the industry term used to describe the sum of prices paid by a business's customers? Correct Answer Total Revenues 
 
Historically, what concept have hospitality managers chiefly used to calculate their selling prices? Correct Answer Costs 
 
What is an algebraic equivalent of the formula: Sales = Costs + Profit? Correct Answer Profit = Sales - Costs 
 
What is the name for the net value achieved by both ...
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Revenue Management Final exam practice questions and answers 100% correct.
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What is bigger in the tourism industry, fixed costs or variable costs? 
fixed costs are bigger 
-Think of an airplane: staffing, airport fees (fixed) - huge amount of the costs for airplanes come from fixed costs; food, fuel (variable) - not as easy to determine the variable costs 
 
 
 
We can reduce prices (even below total cost per room), as long as the 
reduced price covers, fixed cost per room or variable cost per room? 
We can reduce prices as long as the reduced price covers the variable ...
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Test Bank For Access Introduction to Travel and Tourism 2nd Edition by Marc Mancini
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CHAPTER 
Version A 
I. True or 
_________ 1. 
_________ 2. 
_________ 3. 
_________ 4. 
_________ 5. 
known as suppliers. 
II. Write down the letter of the answer that best answers the question or completes the 
statement. 
_________ 6. The term VFR travel refers to: 
A. Visiting Friends and Relatives 
B. Very Frequent Reservations 
C. Very Favorable Restrictions 
D. Trick question: VFR refers to nothing 
_________ 7. Which of the following is not a sector of the travel industry? 
A. Corporate t...
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MGMT Principles of Managements Canadian 3rd Edition by Williams - Test Bank
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mgmt principles of managements Canadian - test banks, 
Chapter 2 Organizational Environments and Cultures MULTICHOICE 
1. What are the two types of external organizational environments? (A) general and specific 
(B) public and private 
(C) global and national 
(D) organizational and interpersonal Answer : (A) 
2. Which of the following environments affects all organizations? (A) the global environment 
(B) the national environment 
(C) the general environment 
(D) the formal environment Answer :...
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Revenue Management Final Exam Question & Answers 2022
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what is the industry term used to describe the sum of prices paid by a business's customers? 
 
-daily receipts 
 
-profit 
 
-profits less expenses 
 
-total revenues 
-total revenues 
 
 
 
historically, what concept have hospitality managers chiefly used to calculate their selling prices? 
 
-income 
 
-revenue 
 
-costs 
 
-profits 
-costs 
 
 
 
what is an algebraic equivalent of the formula: sales=costs+profit? 
 
-profit=sales-costs 
 
-costs=sales+profits 
 
-costs=profit-sales 
 
-prof...
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BCOR 2201 Marketing Final Review WITH CORRECT OPTIONS 2023
- Exam (elaborations) • 13 pages • 2023
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Marketing definition 
Marketing is the activity or creating, communication, delivering, and exchanging offerings that have utility (value) for customers, and these exchanges benefit the organization, its stakeholders, and society at large 
 
 
 
What is marketing? 
facilitates exchanges between buyers and sellers to create value by using tools provided in the 4 P's 
 
 
 
Controllable factors in the marketing mix (4 P's) 
Product: good or service that satisfies a need (an idea can also be market...
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